TD Cowen slashes price target on American International Group Inc [AIG] – find out why.

American International Group Inc [NYSE: AIG] gained 0.52% on the last trading session, reaching $70.09 price per share at the time. The company report on February 13, 2024 at 4:16 PM that AIG Reports Excellent Fourth Quarter and Full Year 2023 Results.

Fourth Quarter 2023:.

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Net income per diluted share was $0.12 and adjusted after-tax income* (AATI) per diluted share was $1.79.

If compared to the average trading volume of 3.39M shares, AIG reached a trading volume of 5315600 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about American International Group Inc [AIG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AIG shares is $76.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AIG stock is a recommendation set at 1.76. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

TD Cowen have made an estimate for American International Group Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 10, 2024.

The Average True Range (ATR) for American International Group Inc is set at 1.10, with the Price to Sales ratio for AIG stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 1.25. Price to Free Cash Flow for AIG in the course of the last twelve months was 10.23.

Trading performance analysis for AIG stock

American International Group Inc [AIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.92. With this latest performance, AIG shares gained by 3.84% in over the last four-week period, additionally plugging by 17.17% over the last 6 months – not to mention a rise of 14.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AIG stock in for the last two-week period is set at 58.72, with the RSI for the last a single of trading hit 59.43, and the three-weeks RSI is set at 58.75 for American International Group Inc [AIG]. The present Moving Average for the last 50 days of trading for this stock 67.86, while it was recorded at 69.43 for the last single week of trading, and 61.21 for the last 200 days.

American International Group Inc [AIG]: A deeper dive into fundamental analysis

American International Group Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 9.87.

American International Group Inc [AIG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, American International Group Inc posted 1.36/share EPS, while the average EPS was predicted by analysts to be reported at 1.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AIG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American International Group Inc go to 14.41%.

An analysis of Institutional ownership at American International Group Inc [AIG]

The top three institutional holders of AIG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AIG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AIG stock with ownership which is approximately 5.8325%.